USA Office Furniture Market Outlook to 2028

USA Office Furniture Market Overview

The USA Office Furniture Market was valued at USD 15.30 billion in 2023, driven by the growing demand for ergonomic and flexible office solutions, the rise of remote and hybrid work models, and an increase in commercial real estate development. Office furniture, which includes a range of products such as desks, chairs, filing cabinets, and modular workstations, has seen substantial demand due to businesses upgrading their office spaces to accommodate new work dynamics.

Major players in the USA Office Furniture Market include Steelcase, Herman Miller, Haworth, HNI Corporation, and Knoll, Inc. These companies dominate the market through strong distribution channels, innovative product development, and strategic partnerships. They focus on creating sustainable, ergonomic, and technologically integrated furniture solutions to meet evolving customer needs.

Regions such as California, New York, Texas, and Illinois lead the market due to their high concentration of corporate offices, start-ups, and co-working spaces. These states also exhibit higher demand for premium office furniture products, driven by their diverse business environments and high disposable incomes.

In July 2021, Herman Miller completed its acquisition of Knoll, Inc. for USD 1.8 billion, consolidating its position as a leading player in the office furniture sector. The combined entity, dubbed Miller Knoll, comprises 19 leading brands with a presence across over 100 countries, aiming to transform the industry and redefine modern design.

USA Office Furniture Market Segmentation

The USA Office Furniture Market is segmented by product, material, and region.

By Product: The market is segmented into Seating, Storage Units, Desks & Tables, and Workstations. In 2023, Seating held the dominant market share, driven by the increasing demand for ergonomic chairs that support better posture and comfort. Companies like Steelcase and Herman Miller are key players in this segment, offering a range of seating solutions that cater to different office environments and worker needs.

By Material: The market is segmented by material into Wood, Metal, Plastic, and Others. Wood-based furniture led the market in 2023, due to its durability, aesthetic appeal, and preference for high-end office settings. The growing trend towards sustainable and environmentally friendly furniture options has further boosted the demand for wood and composite materials.

By Region: The market is segmented by region into West, East, South, and North USA. The North region, particularly New York, dominates the market in 2023 due to its large corporate presence and demand for high-quality office furniture. The region's economic strength and substantial investment in commercial infrastructure further contribute to market growth.

USA Office Furniture Market Competitive Landscape

Company

Establishment Year

Headquarters

Steelcase

1912

Grand Rapids, Michigan

Herman Miller

1905

Zeeland, Michigan

Haworth

1948

Holland, Michigan

HNI Corporation

1944

Muscatine, Iowa

Knoll, Inc.

1938

East Greenville, Pennsylvania

Steelcase: In May 2023, Steelcase, Inc. acquired HALCON, a Minnesota-based designer and manufacturer of precision-tailored wood furniture for offices. This strategic acquisition is expected to enhance Steelcase's existing wood product portfolio, providing high-quality design and craftsmanship to their offerings, thereby strengthening their position in the competitive office furniture market.

HNI Corporation: In June 2023, HNI Corporation finalized its acquisition of Kimball International, Inc., a provider of workplace, hospitality, and healthcare furnishings. This strategic move is aimed at strengthening HNI's ability to seize post-pandemic opportunities, particularly in the fastest-growing regions, leveraging Kimball International's extensive market presence and product expertise.

USA Office Furniture Market Analysis

Growth Drivers

Increasing Demand for Ergonomic Furniture: The market has been experiencing a surge in demand for ergonomic and flexible furniture solutions due to the shift towards remote and hybrid work models. In 2023, majority of U.S. companies reported investing in ergonomic office furniture to enhance employee productivity and well-being. This trend is driven by a growing awareness of workplace wellness, which has resulted in substantial increase in sales of ergonomic office chairs and adjustable desks compared to 2022. Companies are prioritizing furniture that supports health, comfort, and flexibility, reflecting a broader trend towards creating adaptable and employee-friendly workspaces.

Expansion of Commercial Real Estate and Co-Working Spaces: The expansion of commercial real estate has contributed to the growth of the market. In 2023, U.S. commercial real estate investment volume reached to USD 348 billion, with a notable portion allocated to upgrading office spaces to accommodate modern work environments. This surge in investment is particularly pronounced in metropolitan areas such as New York, Los Angeles, and Chicago, where demand for high-quality office furniture has increased substantially. The development of new office buildings and the renovation of existing spaces are driving the need for contemporary, durable, and sustainable furniture solutions.

Rise in Co-Working Spaces and Flexible Office Solutions: The rise of co-working spaces has been a critical driver for the USA Office Furniture Market. the total number of coworking spaces in the U.S. surpassed 7,000 by the end of Q2 2024, reaching 7,041 spaces. This growth is fueled by the increasing number of start-ups and small businesses seeking flexible and cost-effective office solutions. As a result, there is heightened demand for modular and multi-functional furniture that can be easily reconfigured to suit various work settings.

Challenges

Price Sensitivity and Market Competition: The Market is exceptionally impacted by price sensitivity and intense competition, particularly from low-cost manufacturers, both domestically and internationally. Many businesses, especially smaller enterprises and start-ups, often prioritize budget-friendly options when furnishing their offices. This preference creates a challenging environment for premium furniture brands, which strive to offer high-quality, durable, and ergonomically designed products at higher price points.

Supply Chain Disruptions: The market has also been grappling with noteworthy supply chain disruptions, primarily driven by shortages in raw materials and logistical hurdles. These disruptions have created a ripple effect throughout the industry, leading to delays in manufacturing and increased operational costs. Manufacturers have had to navigate complexities such as port congestions, shipping delays, and fluctuating availability of essential materials like steel, wood, and foam.

Government Initiatives

Energy Efficiency and Conservation Block Grant Program (EECBG): This program, established under the Energy Independence and Security Act of 2007, provides federal funding to local and state governments to support energy efficiency projects, including the modernization of public buildings and office spaces. The EECBG program encourages the adoption of sustainable practices and materials, which can include investments in energy-efficient office furniture.

OSHA Guidelines on Ergonomic Office Furniture: The Occupational Safety and Health Administration (OSHA) updated its guidelines in 2023 to emphasize the importance of ergonomic furniture in preventing workplace injuries. The revised guidelines encourage employers to provide adjustable desks, ergonomic chairs, and other supportive equipment to reduce the risk of musculoskeletal disorders among employees.

USA Office Furniture Market Future Outlook

The USA Office Furniture Market is expected to witness steady growth by 2028, driven by increasing investments in commercial infrastructure, the expansion of remote working, and the demand for sustainable and ergonomic office solutions.

Future Market Trends

Growth in Sustainable Furniture Options: By 2028, an important portion of office furniture is expected to be made from sustainable and recycled materials, driven by both consumer demand and regulatory requirements. Manufacturers are focusing on eco-friendly designs to cater to environmentally conscious businesses, incorporating materials like reclaimed wood, recycled metals, and biodegradable plastics.

Advancements in Smart Furniture: The integration of technology in office furniture is expected to increase in the coming years. Innovations such as adjustable desks with built-in sensors and smart chairs that monitor posture are anticipated to gain popularity, catering to tech-savvy and health-conscious consumers. These smart furniture solutions will not only enhance comfort and productivity but also offer data-driven insights for optimizing office layouts and employee wellness programs.
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